Privacy Policy

Americas International

Privacy Policy

Your privacy is very important to LMIS. To the extent any information you provide or which we obtain from this website constitute personal data, we have set procedures for the use of that information.

You consent to the processing by LMIS of personal information submitted by you and/or created in the course of the business relationship with LMIS and to the transmission of this data to other companies with the Legg Mason Group or to third party service providers, with whom we have contracted to hold and store data from time to time, for purposes connected with marketing and customer administration. If you do not wish your information to be used in this way, you should advise LMIS by e-mail or in writing.

What personal information do we collect

During our activities, we collect and hold personal information about you. We will only collect personal information that is necessary to provide our products and services to you, including information needed to comply with legal and regulatory requirements.

We may collect the following types of personal information:

bank account details to enable payment of distributions or redemptions.

We are required to collect your name, address, date of birth and other verification information under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth). We are authorised to collect tax file numbers under tax laws and the Privacy Act.

How do we collect your personal information?

We collect your personal information directly from you unless it is unreasonable or impracticable to do so. When collecting personal information from you, we may collect in ways including:

from your completion of application forms for our products;

though your use of our website;

during communications between you and our representatives; and

from our conduct of marketing activities which may include requests for more information for example competitions, events or requesting ‘business cards’

We may also collect personal information from third parties including your adviser or authorised representative.

If you are a contact of a corporate client or other organisation or an adviser within a dealer group, personal information may be collected from that entity.

What happens if we cannot collect your personal information?

If we do not obtain all the information we need from you, the following may happen:

we may not be able to provide you with and subsequently administer some or all our products or services; and/or

we may not be able to provide you with information about our products and services.

How is your personal information used?

We will only use your personal information for the purpose of providing you with our investment products and services. In managing your investment with us, we will use your personal information to:

provide continuous service to you and to conduct business processing functions including by providing personal information to our related bodies corporate, contractors, service providers or other third parties; and

assist with the administrative, marketing (including direct marketing), planning, product or service development, quality control or research purposes of Legg Mason and its contractors and service providers.

Direct Marketing

We may send you direct marketing communications and information about our products and services that we expect may be of interest to you. These communications may be sent in various forms, including mail, SMS and email. You consent to us sending you those direct marketing communications by any of those methods. At any time you may opt-out of receiving marketing communications from us by contacting us using the contact details below or by using the opt-out facilities provided in the marketing communications.

Please note that, if we are currently providing you with services or products, we will still need to send you essential information about your account, the relevant services or products and other information required by law.

With whom does Legg Mason Australia share your personal information?

To provide you with the services you require, and for the purposes set out above, we may disclose your personal information to third party organisations. We take reasonable steps to ensure that these third party organisations are bound by confidentiality and privacy obligations in relation to the protection of your personal information.

We may disclose your personal information to the following third parties:

service providers, such as your financial adviser. If a financial adviser’s stamp appears on your application form or if you otherwise inform us of having a financial adviser, we may supply your financial adviser with information about your accounts unless you instruct us otherwise in writing;

other professional advisers such as accountants, lawyers, consultants and other business advisers as appointed by you and advised to us;

mail houses, archive providers, our related bodies corporate, contractors, or other third parties for the purposes specified above; and

other third parties where required, or allowed under law, or in connection with legal proceedings.

We will not sell your personal information to other organisations. Nor will we provide organisations outside the Legg Mason with your personal information for purposes unrelated to the management of your investment or the distribution of marketing materials.

We may also disclose your personal information to entities located overseas for one or more of the purposes set out above.

Is your personal information secure?

We invest considerable resources to keep your personal information secure from misuse, loss, interference, unauthorised access, modification or disclosure. Access to and the use of personal information is regulated to prevent misuse or unlawful disclosure of the information. We use security procedures such as encryption, firewalls, intrusion detection and anti-virus technology to prevent unauthorised access. We also use valid log-in identification and password based security to achieve electronic information security. We retain information for as long as may be necessary to respond to issues that may arise later, and longer where required by law. When personal information is no longer required by us, it is destroyed or de-identified.

As our website is linked to the internet, and the internet is inherently insecure, we cannot provide any assurance regarding the security of transmission of information you communicate to us online. We also cannot guarantee that the information you supply will not be intercepted while being transmitted over the internet. Accordingly, any personal information or other information which you transmit to us online is transmitted at your own risk.

How can you access your personal information?

You may contact us by using the details provided below and request access to your information. Before we give you access to information about you we will ask you to verify your identity. In normal circumstances we will give you full access to your information, however, at times there may be a legal reason why we must deny access, such as where granting access would interfere with the privacy of others or it would result in a breach of confidentiality. If access is denied, we will give you the reasons for any refusal in writing and the mechanisms available to complain about the refusal.

How to correct your personal information

We will endeavour to ensure your personal information is kept accurate, complete, up to date and relevant. Please let us know if and when any of your details change.

If you believe that the personal information we store about you is incorrect, incomplete, inaccurate or misleading, you may ask us to amend it. If we do not agree that there are grounds for amendment, we will give you the reasons for any refusal in writing and the mechanisms available to complain about the refusal, and we will add a note to the personal information stating that you disagree with the information.

Dealing with Legg Mason online

We may use “cookies” to help us tailor our website to better suit your needs (e.g. we may use cookies to enable us to save any personal preferences indicated by you) and to provide a more effective route to various components of our website. If you choose to disable cookies, some of our website’s functionality might be impaired. Cookies are small text files that are stored in your computer's memory and hard drive, in your mobile device or tablet when you visit certain websites. They are used to enable websites to function or to provide information to the owners of a website or other third parties which receive data obtained from that website. This information might be about you, your preferences or your device and is mostly used to make the website work as you expect it to. The information does not usually directly identify you, but it can give you a more personalised online experience.

Cookies help us to provide customised services and information. We specifically use cookies to tell us, in general terms, how and when pages in our websites are visited, and to collect information on website activity such as the number of visitors, the number of pages viewed and the internet advertisements which bring visitors to our site. This information is collected to analyse and improve our website, our marketing campaigns and to record statistics on web traffic.

We may disclose details about the general use of our website to third parties – for example, to demonstrate patterns of use and other business partners. Information we pass on for this purpose will not include any personal data by which you may be identified.

How to complain about a breach of privacy?

If you believe that your privacy has been breached, please contact our Privacy Officer using the contact information below and provide details of the incident so that we can investigate it.

We request that complaints about breaches of privacy be made in writing, so we can be sure about the details of the complaint. We will attempt to confirm as appropriate and necessary with you your understanding of the conduct relevant to the complaint and what you expect as an outcome. We will inform you whether we will conduct an investigation, the name, title, and contact details of the Investigating Officer and the estimated completion date for the investigation process.

After we have completed our enquiries, we will contact you, usually in writing, to advise the outcome and invite a response to our conclusions about the complaint. If we receive a response from you, we will assess it and advise if we have changed our view.

If a complaint remains unresolved, you may access an external dispute resolution service (if applicable) or apply to the Office of the Australian Information Commissioner (OAIC) to have the complaint heard and determined.

When we write to you about our decision, we will explain how you may access an external dispute resolution scheme or make a complaint to the OAIC.

Contact Us

If you have any queries or concerns about the privacy of your information, please contact our Privacy Officer via the following:

Privacy Policy

Your privacy is very important to Legg Mason Investments (Ireland) Limited. We take the security and confidentiality of your personal data very seriously. To the extent you provide us with, or where we obtain from this website, personal data, we have set procedures for the use of that information. This Policy explains what personal data we may collect, what you may provide us, and how we use and safeguard that personal data.

Information Collected

General

We may collect and process the following personal data:

Information you submit to us through the website (this may include information provided via submission forms, by subscribing to email updates, by requesting services, or submitting correspondence or requesting support for any problems you may encounter while using the website)

Authorised username and password, if accessing a non-public area of the website

If you are a registered user of our website who has enabled online access for your account(s) or access to any other service via this website, we collect all information that you submit through an online session to service your request, such as a transaction you've requested us to make further to the performance of a contract between us

Details of your visits to our website, including but not limited to, traffic data, location data, weblogs and other communication data and the pages and resources that you access

Information you submit to us, or that we received from a third party (this may include distribution partners, event sponsors, investor databases, in-person meetings, and the like) personal details such as name, work contact information (address, office/mobile phone, e-mail), title, and other incidental work/job related details

IP Address

We may collect information about your computer (including where available your IP address, operating system and browser type) for system administration. This is statistical data about our visitors' browsing actions and patterns and does not identify any individual.

Cookies

Our website utilizes a variety of technologies, including some provided by third parties, such as Facebook, (including but not limited to, cookies, web beacons and other storage technologies) to collect, store, measure and aggregate data about usage and browsing patterns. These technologies help us analyse and tailor the site for all users and better understand how our site is used. A web beacon is an object that is embedded in a web page or email and is usually invisible to the user but allows checking that a user has viewed the page or email. For more information on our cookies please see our cookie policy.

Information Storage & Transfer

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area ("EEA"). It may also be processed by staff operating outside the EEA who work for us, one of our group companies or for one of our (or our group companies') suppliers. These non-European Union countries may not have the same or equivalent data protection laws as the European Union. If such transfer occurs, we will ensure that such processing of your personal data is in compliance with applicable data protection laws. For more particular information, please contact us using the details in the Contact Information & Data Subject Rights Request section below. We will take all steps reasonably necessary to ensure that your personal data is treated securely and used only in accordance with this Policy. By submitting your personal data, you agree to this transfer, storage or use.

Your personal data will be retained by Legg Mason Investments (Ireland) Limited for the duration of the relationship and, further, in accordance with our legal obligations, including, but not limited to, our data and record retention policy.

Information Usage & Disclosure

We use the personal data collected as follows:

To service your request - which may also require processing personal data created in the course of the business relationship with Legg Mason Investments (Ireland) Limited

To carry out our obligations arising from any contracts entered into between you and us

To allow you to participate in any interactive features of our website, if and when you choose to do so

To notify you about changes to our products or services

To comply with any applicable legal and/or regulatory requirements and any record-keeping obligations

To ensure that content from our Website is presented in the most effective manner for you and for your computer

For purposes connected with marketing (such as events/promotional information) and customer administration in our legitimate business interest.

We may disclose your personal data to:

Our group companies

In the event of a merger or acquisition

To our third-party service providers

To enforce the Terms & Conditions of our website or any other contracts entered into between you and us

To protect our rights or the rights of others, or if we are obligated to do so to comply with any legal or regulatory obligations.

We do not transmit any personal data collected through this Website to any third-party marketers.

Information Security

Protecting the confidentiality, integrity and security of your data is of the utmost importance to us. We have in place necessary and appropriate administrative, technological and procedural safeguards, including, but not limited to, state-of-the art technologies and layered security controls, as well as business continuity and disaster recovery plans and procedures. These safeguards are designed to prevent or reduce the impact of cybersecurity events, however, there are inherent limitations in such plans and systems and no system should be considered infallible.

The transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee its security during its transmission to our website and any transmission is at your own risk. Once we have received your information, we will use strict procedures and security features to try to prevent unauthorised access.

Third party Websites

Our website may contain links to and from the websites of third parties. If you follow a link to a third party, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

Changes to this Policy

Any changes we may make to this Policy in the future will be posted on this page and your continued use of our website will constitute your acceptance of such changes.

Contact Information & Data Subject rights requests

If you wish to exercise any of the rights you have in respect of your personal data, including but not limited to, your right to access, amend/rectify, erase, port, restrict or otherwise object to our use of your personal data as described here, you should advise Legg Mason Investments (Ireland) Limited by email to privacy@leggmason.com or in writing to the address listed on this website. You also have the right to lodge a complaint with the applicable data protection supervisory authority where you: reside, work or where the alleged infringement has taken place. As of the date of this Policy our lead data protection supervisory authority is the Data Protection Commission in Ireland.

Please note that if you telephone Legg Mason Investments (Ireland) Limited, calls may be monitored or recorded to maintain and improve services.

March 2019

Hong Kong

Privacy Policy

IMPORTANT: By accessing this website, you agree to the terms set out below. If you do not agree to the terms, please do not use this website.

Your privacy is very important to Legg Mason Asset Management Hong Kong Limited (“LMAMHK”) and its affiliates (collectively hereafter “Legg Mason”). To the extent any information you provide to Legg Mason constitutes personal data, we have set procedures for the use of that information.

From time to time, it is necessary for you to supply Legg Mason with personal data in connection with the use of this website, in the course of business relationship with Legg Mason, for provision of services to you, and/or for processing requests from you. The kinds of data that may be collected include, without limitation, name, job title, email address, phone number, address, and name of the company you represent.

Failure to supply such personal data may result in your inability to use or access this website, or parts of this website, and/or Legg Mason being unable to process your request and/or provide services to you.

Please note that if you telephone Legg Mason, calls may be monitored or recorded to maintain and improve services.

The purposes for which personal data relating to you may be used are as follows:

enabling a potential purchaser of all or any part of the business or shares of Legg Mason to evaluate the transaction intended to be the subject of such purchase; and

purposes directly related to or incidental to the above, including, without limitation, seeking professional advice.

Personal data held by Legg Mason relating to you will be kept confidential but Legg Mason may transfer such information to the following parties whether within or outside Hong Kong for the purposes set out above:

the ultimate holding company, subsidiaries and/or affiliates of LMAMHK, and the employees, officers and directors of LMAMHK and such holding company, subsidiaries and/or affiliates;

the intermediaries of Legg Mason (including third party financial institutions such as banks and insurers);

any agent, contractor, cloud provider or third party service provider who provides administrative, research, design, launch, data storage, telecommunications, software development and application, printing, letter-shopping, mailing, computer, payment, securities clearing and settlement or other services to Legg Mason in connection with the operation of its business; and

any legal, regulatory, judicial, administrative, public or law enforcement body, or governmental, tax, revenue, monetary, securities or future exchange, court, central bank or other authorities, or self-regulatory or industry bodies or associations of financial service providers, or any of their agents with jurisdiction over all or any part of Legg Mason group.

Our website utilizes a variety of technologies (including, without limitation, cookies and web beacons) to collect, store, and aggregate data about usage and browsing patterns. These technologies may identify users and can store information about them and their usage and browsing patterns. These technologies help us analyze and better understand the use of this website by the users so that improvements can be made to this website.

Data collected by Legg Mason may be maintained for such period of time required under applicable laws and regulations or as otherwise required to fulfil any of the purposes set out above.

By accessing this website, you consent to the collection, use and transfer of your personal data by Legg Mason in accordance with the terms of this Privacy Policy. If, after accessing this website, you do not wish your personal data to be used or transferred in this way, you should advise Legg Mason in writing at the address set out below.

You are entitled under the Personal Data (Privacy) Ordinance (Cap. 486 of Laws of Hong Kong) (the "Ordinance") to check whether Legg Mason holds personal data about you and request access to such data, request Legg Mason to correct any personal data relating to you which is inaccurate, and ascertain Legg Mason’s policies and practices in relation to personal data and be informed of the kind of personal data held by Legg Mason. In accordance with the terms of the Ordinance, Legg Mason has the right to charge a reasonable fee for processing of any data access request.

All requests for access to or correction of personal data or for information regarding the policies and practices and kinds of data held by Legg Mason, should be addressed to:

In case of any discrepancies between the English and Chinese versions of this Policy, the English version shall prevail.

July 2019

Issued and approved by Legg Mason Asset Management Hong Kong Limited which is licensed by the Securities and Futures Commission in Hong Kong, and whose registered office is at Suites 1202-03, 12/F, York House, The Landmark, 15 Queen's Road Central, Hong Kong.

Singapore

Privacy Policy

Your privacy is very important to Legg Mason Global Distribution. To the extent any information you provide or which we obtain from this website constitutes personal data, we have set procedures for the use of that information.

You agree that all information and/or particulars sent or submitted by you through this website is non-confidential and non-proprietary unless otherwise expressly indicated by you. You acknowledge that Legg Mason Global Distribution, its directors, officers, employees, contractors and agents shall not be subject to any confidentiality obligations in respect of any such information and/or particulars and you agree that Legg Mason Global Distribution, its directors, officers, employees, contractors and agents may, and you hereby authorise each of them to, use and to disclose such information to any person (including without limitation any third party service provider) in connection with Legg Mason Global Distribution's internal business purposes.

Without prejudice to the generality of the foregoing, you consent to the processing by Legg Mason Global Distribution of the personal data submitted by you through the website and/or created in the course of the business relationship with Legg Mason Global Distribution, and to the transmission of such personal data to other companies within the Legg Mason Group (by the internet or otherwise) for purposes connected with marketing and customer administration. If you do not wish your information to be used in this way, you should advise Legg Mason Global Distribution by e-mail or in writing.

Our web site utilizes a variety of technologies (such as cookies and web beacons) to collect, store, and aggregate data about usage and browsing patterns. These technologies help us analyze and tailor the site for all users and better understand how our site is used.

Except as noted herein, we do not have any personally identifiable information about you unless you choose to give us such information during an online session. If you do give us personal information during your session, we will collect that information and use it to service your request and as otherwise described in this Privacy Policy.

Legg Mason Global Distribution reserves the right, in its sole discretion, to change, modify, add to, or remove portions of this Privacy Policy at any time. Any changes, modifications, or additions to, or deletions from this Privacy Policy shall be notified to you by, and effective upon, posting on this website. You agree that such notification of changes shall be sufficient notice for the purpose of this clause. If you use this website after we post changes to this Privacy Policy, you are deemed to have accepted this Privacy Policy as changed. If you do not agree to be bound by the changes, you shall immediately cease all access and/or use of this website. Legg Mason Global Distribution expressly reserves the right to monitor any use of this website.

This Privacy Policy shall be subject to, governed by, and construed in accordance with the laws of Singapore, and you hereby submit to the non-exclusive jurisdiction of the Singapore Courts.

19 April 2012

United Kingdom

Privacy Policy

Your privacy is very important to Legg Mason Investments (Europe) Limited. We take the security and confidentiality of your personal data very seriously. To the extent you provide us with, or where we obtain from this website, personal data, we have set procedures for the use of that information. This Policy explains what personal data we may collect, what you may provide us, and how we use and safeguard that personal data.

Information Collected

General

We may collect and process the following personal data:

Information you submit to us through the website (this may include information provided via submission forms, by subscribing to email updates, by requesting services, or submitting correspondence or requesting support for any problems you may encounter while using the website)

Authorised username and password, if accessing a non-public area of the website

If you are a registered user of our website who has enabled online access for your account(s) or access to any other service via this website, we collect all information that you submit through an online session to service your request, such as a transaction you've requested us to make further to the performance of a contract between us

Details of your visits to our website, including but not limited to, traffic data, location data, weblogs and other communication data and the pages and resources that you access

Information you submit to us, or that we received from a third party (this may include distribution partners, event sponsors, investor databases, in-person meetings, and the like) personal details such as name, work contact information (address, office/mobile phone, e-mail), title, and other incidental work/job related details

IP Address

We may collect information about your computer (including where available your IP address, operating system and browser type) for system administration. This is statistical data about our visitors' browsing actions and patterns and does not identify any individual.

Cookies

Our website utilizes a variety of technologies, including some provided by third parties, such as Facebook, (including but not limited to, cookies, web beacons and other storage technologies) to collect, store, measure and aggregate data about usage and browsing patterns. These technologies help us analyse and tailor the site for all users and better understand how our site is used. A web beacon is an object that is embedded in a web page or email and is usually invisible to the user but allows checking that a user has viewed the page or email. For more information on our cookies please see our cookie policy.

Information Storage & Transfer

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area ("EEA"). It may also be processed by staff operating outside the EEA who work for us, one of our group companies or for one of our (or our group companies') suppliers. These non-European Union countries may not have the same or equivalent data protection laws as the European Union. If such transfer occurs, we will ensure that such processing of your personal data is in compliance with applicable data protection laws. For more particular information, please contact us using the details in the Contact Information & Data Subject Rights Request section below. We will take all steps reasonably necessary to ensure that your personal data is treated securely and used only in accordance with this Policy. By submitting your personal data, you agree to this transfer, storage or use.

Your personal data will be retained by Legg Mason Investments (Europe) Limited for the duration of the relationship and, further, in accordance with our legal obligations, including, but not limited to, our data and record retention policy.

Information Usage & Disclosure

We use the personal data collected as follows:

To service your request - which may also require processing personal data created in the course of the business relationship with Legg Mason Investments (Europe) Limited

To carry out our obligations arising from any contracts entered into between you and us

To allow you to participate in any interactive features of our website, if and when you choose to do so

To notify you about changes to our products or services

To comply with any applicable legal and/or regulatory requirements and any record-keeping obligations

To ensure that content from our Website is presented in the most effective manner for you and for your computer

For purposes connected with marketing (such as events/promotional information) and customer administration in our legitimate business interest.

We may disclose your personal data to:

Our group companies

In the event of a merger or acquisition

To our third-party service providers

To enforce the Terms & Conditions of our website or any other contracts entered into between you and us

To protect our rights or the rights of others, or if we are obligated to do so to comply with any legal or regulatory obligations.

We do not transmit any personal data collected through this Website to any third-party marketers.

Information Security

Protecting the confidentiality, integrity and security of your data is of the utmost importance to us. We have in place necessary and appropriate administrative, technological and procedural safeguards, including, but not limited to, state-of-the art technologies and layered security controls, as well as business continuity and disaster recovery plans and procedures. These safeguards are designed to prevent or reduce the impact of cybersecurity events, however, there are inherent limitations in such plans and systems and no system should be considered infallible.

The transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee its security during its transmission to our website and any transmission is at your own risk. Once we have received your information, we will use strict procedures and security features to try to prevent unauthorised access.

Third party Websites

Our website may contain links to and from the websites of third parties. If you follow a link to a third party, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

Changes to this Policy

Any changes we may make to this Policy in the future will be posted on this page and your continued use of our website will constitute your acceptance of such changes.

Contact Information & Data Subject rights requests

If you wish to exercise any of the rights you have in respect of your personal data, including but not limited to, your right to access, amend/rectify, erase, port, restrict or otherwise object to our use of your personal data as described here, you should advise Legg Mason Investments (Europe) Limited by email to privacy@leggmason.com or in writing to the address listed on this website. You also have the right to lodge a complaint with the applicable data protection supervisory authority where you: reside, work or where the alleged infringement has taken place. As of the date of this Policy our lead data protection supervisory authority is the United Kingdom’s Information Commissioner’s Office.

Please note that if you telephone Legg Mason Investments (Europe) Limited, calls may be monitored or recorded to maintain and improve services.

May 2018

United States

PRIVACY POLICY

Introduction

Keeping your personal information secure and ensuring your understanding of how we use that information is important to us at Legg Mason. Our goal is to help you understand how the personal information you choose to share with us through this website is collected, used, and maintained. You may review this Legg Mason Internet Privacy Policy ("Privacy Policy") at any time by clicking on the Privacy Policy link appearing on the bottom of one or more pages of this site.

You can visit this site to read about our firm and its products and services, without giving us any personal information about yourself. We may collect anonymous, aggregate technical information about how our site is accessed by you, such as IP address, domain name, time spent at the site, or web pages visited, but we do not collect your personal information unless you disclose it to us (i.e., registering or subscribing to email distribution lists or for access to site features that require registration).

If you are accessing this website from a country which is a member state of the European Union, please proceed to the following web page for Legg Mason’s European Privacy Policy (translated versions for other member states may be found using the country and language drop down menu at the top of the web page). The policy includes details specific to viewers located in the European Union well as local contact information.

Categories of Information Collected

Registration Information: Some of the features on the site require registration before you can use them. If you register to use the site, you choose to provide us with certain personal information such as your name, address, email address, and telephone number. You may change your password at any time.

Subscription Details: Email addresses and product preference details will be captured as part of our subscription services.

Information from Other Sources: We may receive information about you if you use any of our vendor/partner websites, tools, or services offered through our website like our campaign vendors, literature print vendors, advertising networks, analytics providers, etc.

Service Information: When you use a password or similar identifier to access the site, we will recognize your identifier and may collect various categories of information about you such as information you give us, data related to your use of the site and its services, and information about your communications with us.

Technical Information: In addition to the online information that you voluntarily provide to us, we may use cookies and retain cookie information separately or with the information you provide to us. A cookie is a small piece of data assigned to the browser on your computer when you visit a website. We may use cookies for various purposes such as maintaining continuity during a session, gathering data about the use of our site, storing preferences, or recognizing return users. Your web browser may alert you or permit you to refuse, disable, or delete cookies. If you refuse cookies, you may not be able to use certain features or services on the site.

Use of Collected Information

We do not sell or market your personal information or the technical data related to your visit to the site. The personal information you provide and the personalized data you create and save on the site is used to provide superior service to you and to inform you of products, services, or other opportunities that may be available through our firm or our affiliates. This may necessitate disclosure of such information to employees, representatives, officers, agents, affiliates, government and regulatory entities, third-parties, and service providers. Such information and data will also be used to administer our business, the site, and our services in a manner consistent with this Privacy Policy; the Terms and Conditions that govern your use of this site; and all applicable laws, rules, regulations, or other legal obligations.

We may use technical information in a variety of ways including to analyze trends and visitor interests, or to improve the site. If you provide us with your email address, or have done so in the past, we may on occasion send you email unless you choose to opt-out of these communications. Email sent to us through the site will be maintained in a manner consistent with our legal and regulatory requirements regarding client and public communications.

We maintain your personal information according to the terms in this Privacy Policy and the confidentiality standards described in the Terms and Conditions that govern your use of this site.

Privacy Preferences

You can configure your browser to change your cookie preferences. You are always free to decline our cookies if your browser permits.

Security

We comply with applicable laws and regulations regarding the protection of personal information. In addition, we maintain physical, electronic, and procedural safeguards to protect your personal information. We use industry standard security technologies and these are reviewed and adjusted in response to the latest security threats or trends.

Other Sites and Services

This site may contain links to other Internet sites not under our direction or control. This Privacy Policy does not apply to those sites. We are not responsible for such sites; cannot control how such sites use personal information, cookies or other data; and their representations do not apply to this site. You should always review the privacy representations of such third-party sites before you use them and particularly before you share personal information.

This Privacy Policy does not supersede the Terms and Conditions that govern your use of this site. Any conflict between the two shall be determined in favor of the Terms and Conditions. Legg Mason may change this Privacy Policy at any time. Any changes or updates will be effective immediately upon posting to this site. The effective date of this privacy statement, as stated below, indicates the last time this statement was materially changed.

Effective Date

This Legg Mason Internet Privacy Policy was last modified on August 23, 2017.

The value of investments and the income from them may go down as well as up and you may not get back the amount you originally invested.

Opinions expressed are subject to change without notice and do not consider the needs of investors. Forecasts are inherently limited and should not be relied upon as indicators of actual or future performance.

In Switzerland, this financial promotion is issued by Legg Mason Investments (Switzerland) GmbH, authorised by the Swiss Financial Market Supervisory Authority FINMA. Investors in Switzerland: The representative in Switzerland is FIRST INDEPENDENT FUND SERVICES LTD., Klausstrasse 33, 8008 Zurich, Switzerland and the paying agent in Switzerland is NPB Neue Privat Bank AG, Limmatquai 1, 8024 Zurich, Switzerland. Copies of the Articles of Association, the Prospectus, the Key Investor Information Documents and the annual and semi-annual reports of the Company may be obtained free of charge from the representative in Switzerland.

In the Americas, this material is provided by Legg Mason Investor Services LLC, a U.S. registered Broker-Dealer, which includes Legg Mason Americas International.

The opinions and views expressed herein are not intended to be relied upon as a prediction or forecast of actual future events or performance, guarantee of future results, recommendations or advice. Statements made in this material are not intended as buy or sell recommendations of any securities. Forward-looking statements are subject to uncertainties that could cause actual developments and results to differ materially from the expectations expressed. This information has been prepared from sources believed reliable but the accuracy and completeness of the information cannot be guaranteed. Information and opinions expressed by either Legg Mason or its affiliates are current as at the date indicated, are subject to change without notice, and do not take into account the particular investment objectives, financial situation or needs of individual investors.